nq2.htm



 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY
 
Investment Company Act file number 811-07606
 
Nuveen Connecticut Premium Income Municipal Fund
(Exact name of registrant as specified in charter)
 
Nuveen Investments
        333 West Wacker Drive, Chicago, Illinois 60606         
(Address of principal executive offices) (Zip code)
 

Kevin J. McCarthy
Vice President and Secretary
        333 West Wacker Drive, Chicago, Illinois 60606         
(Name and address of agent for service)
 
Registrant's telephone number, including area code:         312-917-7700        
 
Date of fiscal year end:            5/31          
 
Date of reporting period:         8/31/14         
 
Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.
 
A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 
 
 
 
 
 
Item 1. Schedule of Investments
 
   
Portfolio of Investments (Unaudited)
      
 
   
Nuveen Connecticut Premium Income Municipal Fund (NTC)
      
   
August 31, 2014
      
 
 
Principal
    
Optional Call
    
Amount (000)
  
Description (1)
Provisions (2)
Ratings (3)
Value
   
LONG-TERM INVESTMENTS – 158.0% (100.0% OF TOTAL INVESTMENTS)
      
 
   
MUNICIPAL BONDS – 158.0% (100.0% OF TOTAL INVESTMENTS)
      
 
   
Consumer Staples – 1.5% (1.0% of Total Investments)
      
$ 3,300
  
Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds,
No Opt. Call
BBB+
$ 3,303,630
   
Series 2002, 5.375%, 5/15/33
      
   
Education and Civic Organizations – 36.5% (23.1% of Total Investments)
      
1,000
  
Connecticut Health and Education Facilities Authority, Revenue Bonds, Connecticut College,
7/17 at 100.00
AA–
1,028,530
   
Series 2007G, 4.500%, 7/01/37 – NPFG Insured
      
1,150
  
Connecticut Health and Education Facilities Authority, Revenue Bonds, Connecticut College,
7/21 at 100.00
A2
1,249,314
   
Series 2011H, 5.000%, 7/01/41
      
840
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Chase Collegiate
7/17 at 100.00
N/R
868,787
   
School, Series 2007A, 5.000%, 7/01/27 – RAAI Insured
      
   
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Fairfield University,
      
   
Series 2010-O:
      
800
  
5.000%, 7/01/35
7/20 at 100.00
A–
862,616
4,000
  
5.000%, 7/01/40
7/20 at 100.00
A–
4,291,240
   
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Loomis Chaffee School,
      
   
Series 2005F:
      
440
  
5.250%, 7/01/18 – AMBAC Insured
No Opt. Call
A2
507,461
1,510
  
5.250%, 7/01/19 – AMBAC Insured
No Opt. Call
A2
1,775,247
1,125
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Norwich Free Academy,
7/23 at 100.00
A1
1,180,946
   
Series 2013B, 4.000%, 7/01/34
      
2,000
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Quinnipiac University,
7/16 at 100.00
A–
2,117,080
   
Series 2006H, 5.000%, 7/01/36 – AMBAC Insured
      
4,405
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Quinnipiac University,
7/17 at 100.00
AA–
4,839,729
   
Series 2007-I, 5.000%, 7/01/25 – NPFG Insured
      
   
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Sacred Heart
      
   
University, Series 2011G:
      
250
  
5.125%, 7/01/26
7/21 at 100.00
BBB+
273,000
3,260
  
5.625%, 7/01/41
7/21 at 100.00
BBB+
3,575,079
   
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Sacred Heart
      
   
University, Series 2012H:
      
1,500
  
5.000%, 7/01/26 – AGM Insured
7/22 at 100.00
AA
1,678,665
1,000
  
5.000%, 7/01/28 – AGM Insured
7/22 at 100.00
AA
1,111,060
   
Connecticut Health and Educational Facilities Authority, Revenue Bonds, The Loomis Chaffee
      
   
School Issue, Series 2011-I:
      
560
  
5.000%, 7/01/23 – AGM Insured
7/21 at 100.00
A2
639,178
225
  
5.000%, 7/01/24 – AGM Insured
7/21 at 100.00
A2
255,233
2,700
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, University of
7/16 at 100.00
BBB–
2,762,964
   
Hartford, Series 2006G, 5.250%, 7/01/36 – RAAI Insured
      
4,140
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Wesleyan University,
7/20 at 100.00
AA
4,712,189
   
Series 2010G, 5.000%, 7/01/35
      
9,950
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University,
7/16 at 100.00
AAA
10,615,755
   
Series 2007Z-1, 5.000%, 7/01/42 (UB)
      
17,000
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University,
7/17 at 100.00
AAA
18,631,150
   
Series 2007Z-3, 5.050%, 7/01/42 (UB) (4)
      
2,500
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University,
No Opt. Call
AAA
2,505,375
   
Series 2010A-3, 0.875%, 7/01/49 (Mandatory put 2/08/18)
      
5,580
  
Connecticut Health and Educational Facilities Authoroity, Revneue Bonds, Connecticut State
11/23 at 100.00
AA
6,500,477
   
University System, Series 2013N, 5.000%, 11/01/31
      
515
  
University of Connecticut, Student Fee Revenue Bonds, Refunding Series 2010A, 5.000%, 11/15/27
11/19 at 100.00
Aa2
595,572
3,805
  
University of Connecticut, Student Fee Revenue Bonds, Refunding Series 2012A, 5.000%, 11/15/29
No Opt. Call
Aa2
4,450,100
70,255
  
Total Education and Civic Organizations
    
77,026,747
   
Health Care – 33.4% (21.2% of Total Investments)
      
   
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Bristol Hospital,
      
   
Series 2002B:
      
750
  
5.500%, 7/01/21 – RAAI Insured
No Opt. Call
N/R
750,945
3,000
  
5.500%, 7/01/32 – RAAI Insured
No Opt. Call
N/R
3,001,890
   
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Eastern Connecticut
      
   
Health Network, Series 2000A:
      
20
  
6.125%, 7/01/20 – RAAI Insured
No Opt. Call
N/R
20,043
1,710
  
6.000%, 7/01/25 – RAAI Insured
No Opt. Call
N/R
1,712,428
840
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Eastern Connecticut
7/15 at 100.00
N/R
847,753
   
Health Network, Series 2005, 5.000%, 7/01/25 – RAAI Insured
      
   
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Griffin Hospital,
      
   
Series 2005B:
      
890
  
5.000%, 7/01/15 – RAAI Insured
No Opt. Call
N/R
917,483
2,400
  
5.000%, 7/01/20 – RAAI Insured
7/15 at 100.00
N/R
2,442,480
1,050
  
5.000%, 7/01/23 – RAAI Insured
7/15 at 100.00
N/R
1,062,296
7,025
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Hartford Healthcare,
7/21 at 100.00
A
7,541,267
   
Series 2011A, 5.000%, 7/01/41
      
500
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Hartford Healthcare,
No Opt. Call
A
550,570
   
Series 2014E, 5.000%, 7/01/42
      
   
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Hospital For Special
      
   
Care, Series 2007C:
      
1,065
  
5.250%, 7/01/32 – RAAI Insured
7/17 at 100.00
BBB–
1,118,729
300
  
5.250%, 7/01/37 – RAAI Insured
7/17 at 100.00
BBB–
314,055
2,000
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Lawrence and Memorial
7/21 at 100.00
A
2,175,900
   
Hospitals, Series 2011F, 5.000%, 7/01/36
      
6,000
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Middlesex Hospital,
7/16 at 100.00
A2
6,161,880
   
Series 2006, 5.000%, 7/01/32 – AGM Insured
      
   
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Middlesex Hospital,
      
   
Series 2011N:
      
1,105
  
5.000%, 7/01/25
7/21 at 100.00
A2
1,232,020
400
  
5.000%, 7/01/26
7/21 at 100.00
A2
443,380
500
  
5.000%, 7/01/27
7/21 at 100.00
A2
550,995
1,275
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Stamford Hospital,
7/20 at 10.00
A
1,377,242
   
Series 2010-I, 5.000%, 7/01/30
      
7,000
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Stamford Hospital,
7/22 at 100.00
A
7,505,610
   
Series 2012J, 5.000%, 7/01/42
      
3,905
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Western Connecticut
7/21 at 100.00
A
4,289,408
   
Health, Series 2011M, 5.375%, 7/01/41
      
4,000
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Western Connecticut
7/21 at 100.00
A
4,367,000
   
Health, Series 2011N, 5.000%, 7/01/29
      
   
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale-New Haven Health
      
   
Issue, Series 2014E:
      
2,610
  
5.000%, 7/01/32
7/24 at 100.00
Aa3
2,984,796
2,740
  
5.000%, 7/01/33
7/24 at 100.00
Aa3
3,117,408
900
  
5.000%, 7/01/34
7/24 at 100.00
Aa3
1,022,346
4,540
  
Connecticut Health and Eductaional Facilities Authority, Revenue Bonds, Ascension Health
11/19 at 100.00
AA+
4,987,462
   
Series 2010A, 5.000%, 11/15/40
      
1,010
  
Connecticut Health and Eductaional Facilities Authority, Revenue Bonds, Catholic Health East
11/20 at 100.00
Aa2
1,088,942
   
Series 2010, 4.750%, 11/15/29
      
200
  
Connecticut Health and Eductaional Facilities Authority, Revenue Bonds, Danbury Hospital,
1/16 at 100.00
A
200,970
   
Series 2006H, 4.500%, 7/01/33 – AMBAC Insured
      
7,475
  
Monroe County Industrial Development Corporation, New York, FHA Insured Mortgage Revenue
2/21 at 100.00
Aa2
8,790,600
   
Bonds, Unity Hospital of Rochestor Project, Series 2010, 5.500%, 8/15/40
      
65,210
  
Total Health Care
    
70,575,898
   
Housing/Single Family – 3.3% (2.1% of Total Investments)
      
440
  
Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2006-A1,
11/15 at 100.00
AAA
444,686
   
4.800%, 11/15/31 (Alternative Minimum Tax)
      
3,900
  
Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2006D,
5/16 at 100.00
AAA
4,002,219
   
4.650%, 11/15/27
      
   
Connecticut Housing Finance Authority, Single Family Housing Mortgage Finance Program Bonds,
      
   
Series 2010-A2:
      
830
  
4.500%, 11/15/30
11/19 at 100.00
AAA
881,585
1,500
  
4.750%, 11/15/35
11/19 at 100.00
AAA
1,588,905
6,670
  
Total Housing/Single Family
    
6,917,395
   
Long-Term Care – 2.6% (1.6% of Total Investments)
      
   
Connecticut Housing Finance Authority, Special Needs Housing Mortgage Finance Program Special
      
   
Obligation Bonds, Series 2002SNH-1:
      
835
  
5.000%, 6/15/22 – AMBAC Insured
No Opt. Call
N/R
837,964
1,500
  
5.000%, 6/15/32 – AMBAC Insured
No Opt. Call
N/R
1,500,930
1,380
  
Connecticut Housing Finance Authority, State Supported Special Obligation Bonds, Refunding
6/20 at 100.00
AA
1,512,273
   
Series 2010-16, 5.000%, 6/15/30
      
1,125
  
Connecticut State Development Authority, Health Facilities Revenue Bonds, Alzheimer’s Resource
8/17 at 100.00
N/R
1,159,616
   
Center of Connecticut, Inc., Series 2007, 5.500%, 8/15/27
      
420
  
Hamden, Connecticut, Facility Revenue Bonds, Whitney Center Project, Series 2009A,
1/20 at 100.00
N/R
437,905
   
7.625%, 1/01/30
      
5,260
  
Total Long-Term Care
    
5,448,688
   
Tax Obligation/General – 20.7% (13.1% of Total Investments)
      
   
Bridgeport, Connecticut, General Obligation Bonds, Series 2014A:
      
1,475
  
5.000%, 7/01/32 – AGM Insured
7/24 at 100.00
AA
1,679,494
1,000
  
5.000%, 7/01/34 – AGM Insured
7/24 at 100.00
AA
1,130,570
   
Connecticut State, General Obligation Bonds, Refunding Series 2012E:
      
1,425
  
5.000%, 9/15/30
9/22 at 100.00
AA
1,649,951
2,290
  
5.000%, 9/15/32
9/22 at 100.00
AA
2,628,393
3,500
  
Connecticut State, General Obligation Bonds, Series 2006A, 4.750%, 12/15/24
12/16 at 100.00
AA
3,827,005
1,800
  
Connecticut State, General Obligation Bonds, Series 2006C, 5.000%, 6/01/23 – AGM Insured
6/16 at 100.00
AA
1,942,272
2,100
  
Connecticut State, General Obligation Bonds, Series 2006E, 5.000%, 12/15/20
12/16 at 10.00
AA
2,315,061
   
Connecticut State, General Obligation Bonds, Series 2011D:
      
1,430
  
5.000%, 11/01/18
No Opt. Call
AA
1,664,906
1,000
  
5.000%, 11/01/31
11/21 at 100.00
AA
1,152,190
2,600
  
Connecticut State, General Obligation Bonds, Series 2014A, 5.000%, 3/01/31
3/24 at 100.00
AA
3,051,958
1,000
  
Hartford, Connecticut, General Obligation Bonds, Refunding Series 2013A, 5.000%, 4/01/31
4/23 at 100.00
AA–
1,121,840
1,740
  
Hartford, Connecticut, General Obligation Bonds, Series 2009A, 5.000%, 8/15/28 – AGC Insured
8/19 at 100.00
AA
1,909,807
2,000
  
Hartford, Connecticut, General Obligation Bonds, Series 2013B, 5.000%, 4/01/33
4/23 at 100.00
AA–
2,223,180
2,150
  
New Haven, Connecticut, General Obligation Bonds, Series 2006, 5.000%, 11/01/17 – AMBAC Insured
11/16 at 100.00
A3
2,314,561
585
  
New Haven, Connecticut, General Obligation Bonds,Series 2014A, 5.000%, 8/01/33 – AGM Insured
8/24 at 100.00
AA
660,886
900
  
North Haven, Connecticut, General Obligation Bonds, Series 2006, 5.000%, 7/15/24
No Opt. Call
Aa1
1,117,449
3,890
  
Oregon State, General Obligation Bonds, Oregon University System Projects, Series 2011G,
8/21 at 100.00
AA+
4,376,834
   
5.000%, 8/01/36
      
1,420
  
Regional School District 16, Beacon Falls and Prospect, Connecticut, General Obligation Bonds,
No Opt. Call
A1
1,439,667
   
Series 2003, 5.000%, 3/15/16 – AMBAC Insured
      
1,120
  
Southington, Connecticut, General Obligation Bonds, Lot A Series 2014, 4.000%, 1/15/19
No Opt. Call
AA+
1,265,914
2,500
  
Stamford, Connecticut, General Obligation Bonds, Refunding Series 2014, 3.000%, 8/15/22
8/21 at 100.00
AAA
2,696,175
   
Suffield, Connecticut, General Obligation Bonds, Series 2005:
      
800
  
5.000%, 6/15/17
No Opt. Call
AA+
898,216
820
  
5.000%, 6/15/19
No Opt. Call
AA+
969,174
1,400
  
5.000%, 6/15/21
No Opt. Call
AA+
1,702,596
38,945
  
Total Tax Obligation/General
    
43,738,099
   
Tax Obligation/Limited – 27.6% (17.5% of Total Investments)
      
   
Connecticut Health and Educational Facilities Authority, Child Care Facilities Program Revenue
      
   
Bonds, Series 2006F:
      
2,525
  
5.000%, 7/01/31 – AGC Insured
7/16 at 100.00
AA
2,669,986
2,930
  
5.000%, 7/01/36 – AGC Insured
7/16 at 100.00
AA
3,106,181
5,000
  
Connecticut State, Special Tax Obligation Transportation Infrastructure Bonds, Series Series
8/17 at 100.00
AA
5,554,900
   
2007A, 5.000%, 8/01/27 – AMBAC Insured
      
2,500
  
Connecticut State, Special Tax Obligation Transportation Infrastructure Purposes Bonds, Series
No Opt. Call
AA
2,873,325
   
2012A, 5.000%, 1/01/33
      
3,855
  
Connecticut State, Special Tax Obligation Transportation Infrastructure Purposes Bonds, Series
10/23 at 100.00
AA
4,475,925
   
2013A, 5.000%, 10/01/33
      
   
Connecticut, Certificates of Participation, Juvenile Training School, Series 2001:
      
600
  
5.000%, 12/15/20
No Opt. Call
AA–
614,994
1,000
  
5.000%, 12/15/30
No Opt. Call
AA–
1,003,860
   
Government of Guam, Business Privilege Tax Bonds, Series 2011A:
      
840
  
5.250%, 1/01/36
1/22 at 100.00
A
911,442
3,200
  
5.125%, 1/01/42
1/22 at 100.00
A
3,432,096
3,000
  
Harbor Point Infrastructure Improvement District, Connecticut, Special Obligation Revenue
4/20 at 100.00
N/R
3,569,160
   
Bonds, Harbor Point Project, Series 2010A, 7.875%, 4/01/39
      
2,000
  
Puerto Rico Municipal Finance Agency, Series 2002A, 5.250%, 8/01/21 – AGM Insured
No Opt. Call
AA
1,995,320
4,350
  
Puerto Rico Municipal Finance Agency, Series 2005C, 5.000%, 8/01/16 – AGM Insured
8/15 at 100.00
AA
4,381,799
1,725
  
Stamford, Connecticut, Special Obligation Revenue Bonds, Mill River Corridor Project, Series
4/21 at 100.00
N/R
1,888,202
   
2011aA, 7.000%, 4/01/41
      
   
University of Connecticut, General Obligation Bonds, Series 2006A:
      
1,300
  
5.000%, 2/15/19 – FGIC Insured
2/16 at 100.00
AA
1,385,943
2,150
  
5.000%, 2/15/23 – FGIC Insured
2/16 at 100.00
AA
2,293,900
2,600
  
University of Connecticut, General Obligation Bonds, Series 2010A, 5.000%, 2/15/28
2/20 at 100.00
AA
2,995,824
   
University of Connecticut, General Obligation Bonds, Series 2013A:
      
2,290
  
5.000%, 8/15/20
No Opt. Call
AA
2,742,252
2,500
  
5.000%, 8/15/32
8/23 at 100.00
AA
2,902,025
760
  
University of Connecticut, General Obligation Bonds, Series 2014A, 5.000%, 2/15/31
2/24 at 100.00
AA
890,880
   
Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Refunding Series 2012A:
      
2,275
  
5.000%, 10/01/32
No Opt. Call
BBB+
2,509,302
1,790
  
5.000%, 10/01/32 – AGM Insured
No Opt. Call
AA
2,011,871
1,000
  
Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Series 2003, 5.250%,
10/14 at 100.00
AA
1,002,960
   
10/01/19 – AGM Insured
      
2,760
  
Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Senior Lien
10/20 at 100.00
BBB
3,022,393
   
Series 2010A, 5.000%, 10/01/29
      
52,950
  
Total Tax Obligation/Limited
    
58,234,540
   
Transportation – 1.2% (0.7% of Total Investments)
      
2,365
  
New Haven, Connecticut, Revenue Refunding Bonds, Air Rights Parking Facility, Series 2002,
No Opt. Call
N/R
2,490,534
   
5.375%, 12/01/15 – AMBAC Insured
      
   
U.S. Guaranteed – 11.6% (7.3% of Total Investments) (5)
      
   
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Renbrook School,
      
   
Series 2007A:
      
465
  
5.000%, 7/01/30 (Pre-refunded 7/01/17) – AMBAC Insured
7/17 at 100.00
N/R (5)
523,134
735
  
5.000%, 7/01/37 (Pre-refunded 7/01/17) – AMBAC Insured
7/17 at 100.00
N/R (5)
826,890
775
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, William W. Backus
7/18 at 100.00
AA (5)
900,666
   
Hospital, Series 2005F, 5.125%, 7/01/35 (Pre-refunded 7/01/18) – AGM Insured
      
7,010
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale-New Haven
7/16 at 100.00
Aa3 (5)
7,606,271
   
Hospital, Series 2006J-1, 5.000%, 7/01/31 (Pre-refunded 7/01/16) – AMBAC Insured
      
1,240
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale-New Haven
7/20 at 100.00
Aa3 (5)
1,522,918
   
Hospital, Series 2010M, 5.500%, 7/01/40 (Pre-refunded 7/01/20)
      
   
Greater New Haven Water Pollution Control Authority, Connecticut, Regional Wastewater System
      
   
Revenue Bonds, Series 2005A:
      
4,160
  
5.000%, 11/15/30 (Pre-refunded 11/15/15) – NPFG Insured
11/15 at 100.00
AA– (5)
4,402,861
4,275
  
5.000%, 8/15/35 (Pre-refunded 11/15/15) – NPFG Insured
11/15 at 100.00
AA– (5)
4,524,574
40
  
New Haven, Connecticut, General Obligation Bonds, Series 2002A, 5.250%, 11/01/17 – AMBAC
No Opt. Call
A3 (5)
41,751
   
Insured (ETM)
      
1,010
  
Puerto Rico Public Finance Corporation, Commonwealth Appropriation Bonds, Series 1998A,
No Opt. Call
Aaa
1,218,979
   
5.125%, 6/01/24 – AMBAC Insured (ETM)
      
2,810
  
West Hartford, Connecticut, General Obligation Bonds, Series 2005B, 5.000%, 10/01/18
10/15 at 100.00
AAA
2,956,935
   
(Pre-refunded 10/01/15)
      
22,520
  
Total U.S. Guaranteed
    
24,524,979
   
Utilities – 9.3% (5.9% of Total Investments)
      
4,375
  
Connecticut Development Authority, Water Facility Revenue Bonds, Aquarion Water Company
9/17 at 100.00
N/R
4,528,169
   
Project, Series 2007, 5.100%, 9/01/37 – SYNCORA GTY Insured (Alternative Minimum Tax)
      
   
Connecticut Municipal Electric Energy Cooperative, Power Supply System Revenue Bonds, Tender
      
   
Option Bond Trust 1164:
      
1,295
  
17.247%, 1/01/32 (IF) (4)
1/23 at 100.00
Aa3
1,928,320
410
  
17.086%, 1/01/38 (IF) (4)
1/23 at 100.00
Aa3
577,518
1,000
  
Connecticut Resource Recovery Authority, Revenue Bonds, American Ref-Fuel Company of
No Opt. Call
Ba1
1,000,920
   
Southeastern Connecticut LP, Series 1998A-II, 5.500%, 11/15/15 (Alternative Minimum Tax)
      
4,750
  
Connecticut Resource Recovery Authority, Revenue Bonds, American Ref-Fuel Company of
12/14 at 100.00
Ba1
4,754,370
   
Southeastern Connecticut LP, Series 1998A-I, 5.500%, 11/15/15 (Alternative Minimum Tax)
      
   
Connecticut Transmission Municipal Electric Energy Cooperative, Transmission System Revenue
      
   
Bonds, Series 2012A:
      
655
  
5.000%, 1/01/31
1/22 at 100.00
Aa3
735,414
500
  
5.000%, 1/01/32
1/22 at 100.00
Aa3
559,995
2,830
  
5.000%, 1/01/42
1/22 at 100.00
Aa3
3,136,319
   
Eastern Connecticut Resource Recovery Authority, Solid Waste Revenue Bonds, Wheelabrator
      
   
Lisbon Project, Series 1993A:
      
250
  
5.500%, 1/01/15 (Alternative Minimum Tax)
No Opt. Call
A–
254,375
2,115
  
5.500%, 1/01/20 (Alternative Minimum Tax)
1/15 at 100.00
A–
2,118,913
18,180
  
Total Utilities
    
19,594,313
   
Water and Sewer – 10.3% (6.5% of Total Investments)
      
   
Greater New Haven Water Pollution Control Authority, Connecticut, Regional Wastewater System
      
   
Revenue Bonds, Refunding Series 2014B:
      
500
  
5.000%, 8/15/30
8/24 at 100.00
A+
582,505
1,000
  
5.000%, 8/15/31
8/24 at 100.00
A+
1,157,570
55
  
Greater New Haven Water Pollution Control Authority, Connecticut, Regional Wastewater System
11/15 at 100.00
AA–
57,397
   
Revenue Bonds, Series 2005A, 5.000%, 8/15/35 – NPFG Insured
      
2,050
  
Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series
7/20 at 100.00
A–
2,234,623
   
2010, 5.625%, 7/01/40
      
   
Hartford County Metropolitan District, Connecticut, Clean Water Project Revenue Bonds, Series 2013A:
      
4,100
  
5.000%, 4/01/36
4/22 at 100.00
AA
4,639,355
2,500
  
5.000%, 4/01/39
4/22 at 100.00
AA
2,810,850
1,840
  
South Central Connecticut Regional Water Authority, Water System Revenue Bonds, Twentieth
8/16 at 100.00
AA–
1,973,547
   
Series, 2007A, 5.000%, 8/01/30 – NPFG Insured
      
2,870
  
South Central Connecticut Regional Water Authority, Water System Revenue Bonds,
8/21 at 100.00
Aa3
3,174,335
   
Twentieth-Sixth Series, 2011, 5.000%, 8/01/41
      
4,000
  
South Central Connecticut Regional Water Authority, Water System Revenue Bonds, Twenty-Seventh
No Opt. Call
Aa3
4,555,760
   
Series 2012, 5.000%, 8/01/33
      
500
  
Stamford, Connecticut, Water Pollution Control System and Facility Revenue Bonds, Series
8/23 at 100.00
AA+
566,595
   
2013A, 5.250%, 8/15/43
      
19,415
  
Total Water and Sewer
    
21,752,537
$ 305,070
  
Total Long-Term Investments (cost $315,116,376)
    
333,607,360
   
Floating Rate Obligations – (9.2)%
    
(19,370,000)
   
Variable Rate MuniFund Term Preferred Shares, at Liquidation Value – (50.2)% (6)
    
(106,000,000)
   
Other Assets Less Liabilities – 1.4%
    
2,971,131
   
Net Assets Applicable to Common Shares – 100%
    
$ 211,208,491
 
 
 
 
 

 
Fair Value Measurements
 
Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
 
Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
 
Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
 
Level 3 – Prices are determined using significant unobservable inputs (including management's assumptions in determining the fair value of investments).
 
The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund's fair value measurements as of the end of the reporting period:
 
 
Level 1
Level 2
Level 3
Total
Long-Term Investments:
        
Municipal Bonds
$ —
$333,607,360
$ —
$333,607,360
 
Income Tax Information
 
The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing taxable market discount, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate securities reflected as financing transactions, if any. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.
 
As of August 31, 2014, the cost of investments was $295,905,053.
 
Gross unrealized appreciation and gross unrealized depreciation of investments as of August 31, 2014, were as follows:
  
   
Gross unrealized:
  
Appreciation
$18,983,862
Depreciation
(651,578)
Net unrealized appreciation (depreciation) of investments
$18,332,284
 
(1)
  
All percentages shown in the Portfolio of Investments are based on net assets applicable to common
   
shares unless otherwise noted.
(2)
  
Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption.
   
There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may
   
be subject to periodic principal paydowns.
(3)
  
Ratings: Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service,
   
Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or
   
BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any
   
of these national rating agencies.
(4)
  
Investment, or portion of investment, has been pledged to collateralize the net payment obligations for
   
investments in inverse floating rate transactions.
(5)
  
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities,
   
which ensure the timely payment of principal and interest. Certain bonds backed by U.S. Government or
   
agency securities are regarded as having an implied rating equal to the rating of such securities.
(6)
  
Variable Rate MuniFund Term Preferred Shares, at Liquidation Value as a percentage of Total Investments
   
is 31.8%.
(ETM)
  
Escrowed to maturity.
(IF)
  
Inverse floating rate investment.
(UB)
  
Underlying bond of an inverse floating rate trust reflected as a financing transaction.
 
  
 
 
 
 
 
Item 2. Controls and Procedures.

a.  
The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act") (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).
 
b.  
There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.
 
Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: See EX-99 CERT attached hereto.

 
 
 
 
 
 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
(Registrant)  Nuveen Connecticut Premium Income Municipal Fund 
 
By (Signature and Title)     /s/ Kevin J. McCarthy                    
                                                   Kevin J. McCarthy
                                                   Vice President and Secretary
 
Date:         October 30, 2014        
 
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
 
By (Signature and Title)     /s/ Gifford R. Zimmerman                    
                                                    Gifford R. Zimmerman
                                                  Chief Administrative Officer (principal executive officer) 
 
Date:         October 30, 2014        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date:         October 30, 2014